0000930413-05-007687 Sample Contracts

SECURITY AGREEMENT
Security Agreement • November 16th, 2005 • Egpi Firecreek, Inc. • Oil & gas field exploration services • Massachusetts

THIS SECURITY AGREEMENT (the "Agreement"), is entered into and made effective as of November 14, 2005, by and between EGPI Firecreek, Inc., a Nevada corporation with its principal place of business located at 6564 Smoke Tree Lane Scottsdale, AZ 85253 (the "Company"), and the Dutchess Private Equities Fund, LP and Dutchess Private Equities Fund, II, LP (collectively, the "Secured Party").

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OPERATING AGREEMENT
Operating Agreement • November 16th, 2005 • Egpi Firecreek, Inc. • Oil & gas field exploration services • Texas

THIS AGREEMENT (“Agreement”), entered by and between NEWPORT OIL CORPORATION, a Florida corporation sometimes known as and being the same corporation as Newport Oil, Inc. (“Operator”), and FIRECREEK PETROLEUM, INC., a Delaware corporation (“Firecreek”). Firecreek and any third parties to whom Firecreek may assign a portion of its interest in this Agreement in accordance herewith is hereinafter sometimes referred to individually as “Non-Operator” and collectively as “Non-Operators”.

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